Core Insights - The total number of motor vehicles in China is projected to reach 469 million by 2025, with 366 million being cars [1] - The number of motor vehicle drivers is expected to hit 559 million, including 525 million car drivers [1] - New vehicle registrations in 2025 are forecasted to be 35.35 million, marking the 11th consecutive year of exceeding 30 million [1] Electric Vehicle Market - By the end of 2025, the number of new energy vehicles (NEVs) is anticipated to reach 43.97 million, accounting for 12.01% of the total car population [1] - Among NEVs, pure electric vehicles are expected to comprise 30.22 million, representing 68.74% of the NEV total [1] - New registrations of NEVs in 2025 are projected to be 12.93 million, making up 49.38% of all new vehicle registrations, with a year-on-year increase of 1.68 million or 14.93% [1] Urban Vehicle Ownership - A total of 103 cities in China are expected to have over 1 million cars, an increase of 7 cities compared to 2024 [1] - Among these, 47 cities will have over 2 million cars, 27 cities over 3 million, and 7 cities over 5 million [1] Used Vehicle Market - In 2025, the total number of motor vehicle transfer registrations is projected to be 41.11 million, with 38.41 million being car transfers [1] - Since 2020, the volume of used car transaction registrations has consistently exceeded new car registrations for six consecutive years [1]